Laserfiche WebLink
E. CAPITAL IMPROVEMENT PROGRAM <br />Public officials are faced with the difficult task of <br />allocating limited resources among a seemingly unlimited number <br />of demands and needs for public services. In many instances, <br />decisions must be made regarding the merits of one project <br />over another without benefit of sufficient information, or <br />without time for adequate evaluation. A method available to <br />local units of government to help manage and systematize <br />the budget allocation process is a Capital Improvement <br />Program. <br />Ramsey's Capital Improvements Program should include a com- <br />prehensive list of major projects and equipment necessary <br />and desirable.to meet the needs of the community for-the <br />- next 5 years._! A "Capital Improvement'_' may be defined as <br />- <br />a major expenditure.of public -funds beyond.maintenance and- <br />operating costs,- for the acquisition construction. of - -a <br />needed physical facility. These improvements or acquisi- <br />tions should generally be of -a permanent nature, representing - <br />a long -term investment. Some examples of capital improve -. <br />went items are: <br />Municipal Buildings <br />Fire and Police Stations <br />Park Acquisition and Development <br />Utility Construction <br />Major Equipment <br />Road Construction and Parking Facilities <br />Joint School and Community Development Projects <br />Airports <br />Hospitals <br />Fire Fighting Equipment <br />A Capital Improvement Program is a method of anticipating <br />the type of improvements and scheduling the expenditures <br />over a period of several years in order to maximize the use <br />of public funds. A Capital Improvement Program may cover <br />a period of four to ten years, and should be updated and <br />extended every year. <br />See Appendix B for the current Capital Improvement Program. <br />